Ashland (ASH) Change in Working Capital (2015 - 2026)
Ashland (ASH) reported Change in Working Capital of -$56 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with -$68 million a year earlier.
Powered by 
Analysis
Ashland (ASH) Change in Working Capital (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ashland's Change in Working Capital came in at -$51 million; for FY2025 (ended Sep 30, 2025), it was $191 million.
- By fiscal year, Change in Working Capital came in at -$227 million in FY2024, $58 million in FY2023 (-75.5%), $237 million in FY2022 and -$80 million in FY2021.
- Five-year quarterly Change in Working Capital spans a low of -$167 million in fiscal Q1 2024 and a high of $135 million in fiscal Q3 2022.
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $18 million (Q2 2026), -$98 million (Q1 2026) and $85 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 218.80 Bn | 201.92 Bn | 4.43 Bn | - |
| 2 | Corning | 132.43 Bn | 125.56 Bn | 1.63 Bn | - |
| 3 | Sherwin Williams | 78.49 Bn | 77.53 Bn | 3.34 Bn | - |
| 4 | Air Products & Chemicals | 61.97 Bn | 59.87 Bn | 1.04 Bn | - |
| 5 | Corteva | 51.82 Bn | 40.62 Bn | 3.66 Bn | - |
| 6 | LyondellBasell Industries | 37.12 Bn | 26.74 Bn | 2.04 Bn | - |
| 7 | Nutrien | 33.86 Bn | 30.73 Bn | 3.25 Bn | - |
| 8 | Qnity Electronics | 26.31 Bn | 23.73 Bn | 666.00 Mn | - |
| 9 | Ati | 25.78 Bn | 23.93 Bn | 309.80 Mn | - |
| 10 | Ashland | 3.11 Bn | 1.81 Bn | 170.00 Mn | -56.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -56.00 Mn |
| Mar 31, 2026 | 18.00 Mn |
| Dec 31, 2025 | -98.00 Mn |
| Sep 30, 2025 | 85.00 Mn |
| Jun 30, 2025 | -68.00 Mn |
| Mar 31, 2025 | 65.00 Mn |
| Dec 31, 2024 | 109.00 Mn |
| Sep 30, 2024 | -157.00 Mn |
| Jun 30, 2024 | 60.00 Mn |
| Mar 31, 2024 | 37.00 Mn |
| Dec 31, 2023 | -167.00 Mn |
| Sep 30, 2023 | -108.00 Mn |
| Jun 30, 2023 | -46.00 Mn |
| Mar 31, 2023 | 89.00 Mn |
| Dec 31, 2022 | 123.00 Mn |
| Sep 30, 2022 | -78.00 Mn |
| Jun 30, 2022 | 135.00 Mn |
| Mar 31, 2022 | 108.00 Mn |
| Dec 31, 2021 | 72.00 Mn |
| Sep 30, 2021 | -49.00 Mn |
API Access
Ashland Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=ASH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "ASH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=ASH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();